Re: Self Insurance
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I am interested in group insurance but not in self insurance.
SM 345 "Life is Good""
This is a rough outline of a self insurance or shared risk co-op, that I sent Kent and thought I would share with the group. It was prompted by the hassle I have had with obtaining insurance, the restrictions and expense. Bill suggested self insuring and just buying liability insurance, however in the event of a total loss, it would be a big financial hit, that I could not afford. However, if I could share that risk with even ten others or better yet many more, it would soften the loss. When you consider how few Amel's have been lost outside of a hurricane zone, the risk seems very low, and yet we need to insure against such a great financial lose.